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Saturday, July 25, 2015
Finance Minister Chang Sheng-ford (張盛和) reiterated Friday that recent heavy losses in the local equity market resulted from the weak economic fundamentals at home and abroad, adding that investors cannot blame the tax issue for the downturn.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.078 to close at the day's high of NT$31.530 as foreign institutional investors continued moving funds out of the country, dealers said.
Friday, July 24, 2015
Financial Times buyer Nikkei wants to crack global markets
The Japanese buyer of the Financial Times wants to move beyond its roots to tap international markets made easier to reach by the digital age.
Japan's trade deficit narrowed sharply last month as exports of automobiles and electronic parts picked up while a sky-high energy import bill continued to fall, finance ministry data showed Thursday.
South Korea's economy slowed in the second quarter, with consumer spending stifled by an outbreak of Middle East Respiratory Syndrome (MERS) and exports failing to lift from a lengthening slump.
The Ministry of Finance (MOF, 財政部) said that it is rolling out a financing platform to allow Miaoli County to repay its creditors as soon as possible.
OBOR should be strongly considered: TAITRA head
Taiwan's economy relies heavily on exports, and the nation should actively participate in regional economic integration, including Beijing's "One Belt, One Road" (OBOR) initiative, said Francis Liang (梁國新), chairman of the Taiwan External Trade Development Council (TAITRA, 外貿協會) yesterday.
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.100 to close at NT$31.452 as heavy losses on the local equity market placed downward pressure on the domestic currency, dealers said.
Taiwan shares end down at 8,791.12 points amid electronics sector losses
Shares in Taiwan closed below the 8,800- point mark Thursday as the bellwether electronics sector suffered heavy losses amid concerns over global demand, dealers said.
The local semiconductor sector trended lower Thursday morning after investors here took cues from a plunge in the Philadelphia Semiconductor Index overnight to dump local integrated circuit (IC) heavyweights such as Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), dealers said.
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